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PureBytes Links
Trading Reference Links
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Ok, the book is not new,well 1996, but I think it is pretty good for
trading. It is called MINDTRAPS, Unlocking the Key to Investment
Success by Roland Barach, Ph.D, with Forward by: Van K. Tharp, Ph.D. Van
K. Tharp Associates, 8303 Belgium Street Raleigh, NC. 919-362-5591 (not
too far from Mayberry and Hooterville where a lot of good commodity
traders come from).
The book is pretty good for unraveling your barriers to good trading.
This Van Tharp guy seems to like it. It is way cheaper than his
courses.
Tom Cathey wrote:
>
> Paul Cote wrote:
>
> > I like the psych book called mindtraps. from mindtraps, mindtrap #3, is
> > it true that I believe_________ or am I "afraid" that this will happen?
> >
>
> Hi Paul -
>
> Is this a recent book...and what's the author's name? I could certainly
> use a copy here.
>
> BTW, speaking of pyschological stuff.... In 1995 I was having real problems
> pulling the trigger, as many of us often do. It was as if I "knew" the
> trade was gonna work, and rationalized that I really didn't need the
> money...so I was just happy to see it unfold in front of me without
> participating. Almost like it was just a video game.
>
> This went on for awhile...and still haunts me at times.... Can you imagine?
> I watch a trade to completion, then leave the room happy that it worked out
> and I was correct...but didn't make a dime? I think it had a lot to do with
> evading the potential pain of losing money. If I just watch it unfold, it's
> fun...but, if I get on board, it then becomes a frigg'in painful battle.
> The
> lure of money was not enough to make me push the button. Has anyone else
> experienced
> this "living in an academic world" thing?
>
> ANYWAY, I wrote a 3 page script (kinda like a motivational Tony Robbins
> thing) that stated what kind of trader I wanted to be....you know, like
> respond automatically, full confidence, etc....
>
> I then went to a hypnotist, gave him the script and said to do his thing.
> Well, after three sessions it seemed to be working. I actually taped the
> last session and then played it over and over for a few months...it
> actually worked as an auto-hypnosis technique.
>
> I found the things I had written had really become a habit, though the pain
> of losing seemed to rear its head randomly over time. Think I will play the
> tape over again and read your book....I need a boost now....I'm having a
> little trouble with the "trading for the fun of it" thing again.
>
> BTW, I've received a few more personal notes on discretionary
> trading...mostly from other similar-types. I wonder if we could get some
> postings from these and other lurkers who have some personal experiences to
> relate of how they receive their trading cues, general methods, fears,
> expectations, results.......or anything else on the subject? It's really
> an art, and I guess most have their own interpretations. I would be very
> intersted in hearing more.
>
> Tom Cathey
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